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Market takes a breather after 2-day rally

Business March 17, 2021 Stocks ended flat in choppy trade on Tuesday with index oscillating between positive and negative territories throughout the trading session, as investors paused after a rally that continued for two days, dealers said. An analyst at Pearl Securities said investors were divided over the upcoming PDM strategy to pressurise the government. “Also, the oil and gas sector came under selling pressure due to the decrease in international oil prices. Meanwhile, the rising Covid positivity ratio also triggered profit-taking at higher levels.” Pakistan Stock Exchange (PSX) benchmark KSE-100 shares index gained 0.2 percent or 90.47 points to close at 44,857.06 points level. KSE-30 shares index gained 0.31 percent or 58.49 points to close at 18,628.02 points level.

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